Financial implications of sacking Ole

[VidaRed]

One of the reasons stopping the board from pulling the trigger might be the 30m payout to Ole if he is sacked.

However, not sacking him means putting top 4 at risk. Not qualifying for champions league might also mean a loss of 30m or more. Getting ten hag would mean an additional payment of 25m to ajax.

The board is ultimately run by accountants and the financial cost (55m) of sacking ole and getting ten hag might be a deterrent which is stopping them from acting swiftly. But knowing how the club is run, watch them sack ole when top 4 gets ruled out. So we'll end up losing more by paying ole 30m and forfeiting cl money while we don't even get ten hag.

Edit: If ole stays then pogba leaves for free. So that's a further loss of 90m for sticking with ole.

 

[dave1956]

Plus coaching staff need to be factored into the financial cost.

 

[Skills]

Wasn't he on a 6 figure salary at Molde? The question should be, why the are we paying him so much? He didn't have the reputation or clout to command a salary anywhere near what he's earning

 

[VidaRed]

Plus coaching staff need to be factored into the financial cost.

Luckily the contract talks are still going on for them.

 

[hellhunter]

Where are these numbers coming from?

 

[Harold_Giles]

I'd actually be amazed if there isn't a fixed fee or percentage of remaining contract to be paid if getting sacked.
Any proper source on these numbers quoted?

 

[djembatheking]

Sell VDB and use the money to pay off Ole , it would at least find a useful role for Donny.

 

[dove]

£30m? Jose and the entire staff cost less than £20m, surely Ole is not getting paid more than him...

 

[led_scholes]

By sticking to Ole they throw away millions of investment: DvB and probably Diallo, Dalot, Henderson, even Sancho. Add to this that we pay millions to players like CR only to miss top 4. The Ole-caused long term financial implications are far, far more damaging to a mere compensation. But I find that has always been their problem: to alleviate short term costs the sacrifice long term gains.

 

[Dominos]

Why did they extend his contract in the summer?

Said it a million times, I don't understand how you can get to be a decision maker at a multi billion pound business and not have an ounce of common sense. Your average fan on the street knew we were not going anywhere under Ole and it would only make it more costly when we inevitably sack him.

Yet the football advisers and board at one of the biggest clubs in the world couldn't recognise this. I just cannot understand it on any level.

 

[Wednesday at Stoke]

You don't lose 90M if Pogba leaves because no one in their right mind is valuing him at that amount. You instead save 500k/week in wages.

 

[stw2022]

There’s no way it’s that much. Managers are sacked far too often for clubs not to have included ‘if you’re sacked you get X’ clauses into their contracts that aren’t yearly wage X years left on contract

 

[Bastian]

Is that number accurate? I've seen various numbers bandied about, as little as 5-7m to what you're saying here 30m. You'd have thought that the unmerited contract extension would be caveated somewhat, but then again, maybe not.

 

[Chip]

If Spurs can afford still having Mourinho and Nuno on the payroll along with Conte’s massive wages, it should be the least of our worries.

 

[hobbers]

Number is ludicrous, you don't know how contract payouts work.

If he's sacked now it'll be 1 or 2 years salary in a lump sum. He's paid about £7.5m a year.

 

[IrishRedDevil]

I’ll chip in my own money to get the clown sacked.

 

[largelyworried]

We heard the exact same thing about the last three managers, they all went.

 

[altodevil]

Do we not write some contract clause about missing out on the Champions League? Rings a bell with Van Gaal maybe. Would also explain the wait if it saves 10m or so.

 

[VidaRed]

Where are these numbers coming from?

Ole's on 10m a year till 2024.

Top 4 finish means the club gets around 20m for qualifying for CL, for each win in the group stage the club gets 3m while it gets 1m for a draw. If the club qualifies for the round of 16 then it gets an additional 11m. So if we draw the villareal game and win against young boys we go through and we would have earned 42m.

 

[711]

One of the reasons stopping the board from pulling the trigger might be the 30m payout to Ole if he is sacked.

However, not sacking him means putting top 4 at risk. Not qualifying for champions league might also mean a loss of 30m or more. Getting ten hag would mean an additional payment of 25m to ajax.

The board is ultimately run by accountants and the financial cost (55m) of sacking ole and getting ten hag might be a deterrent which is stopping them from acting swiftly. But knowing how the club is run, watch them sack ole when top 4 gets ruled out. So we'll end up losing more by paying ole 30m and forfeiting cl money while we don't even get ten hag.

Edit: If ole stays then pogba leaves for free. So that's a further loss of 90m for sticking with ole.

Pogba is leaving for free come what may, he simply won't sign a contract with anyone else. He's not taken the risk of running down a contract only to throw the advantage (to him) away at the last minute.

 

[Sandikan]

Why do fans think managers get the full length of their contracts?
Even we're not dumb enough to not put clauses and suchlike in there by now.

 

[Jacob]

If we don't have a get-out-of-jail clause in a contract for an unproven and highly inexperienced manager, we deserve everything coming our way.

 

[Heardy]

Couldn’t give less of a feck - it should not matter.

 

[2 man midfield]

If we don't have a get-out-of-jail clause in a contract for an unproven and highly inexperienced manager, we deserve everything coming our way.

Agree. If there isn’t some clause to mitigate the chances of paying full whack then those so called businessmen are doing it wrong.

 

[Pexbo]

If we don't have a get-out-of-jail clause in a contract for an unproven and highly inexperienced manager, we deserve everything coming our way.

Do you think we’ve actually hit any of those clauses yet? It’s November.

 

[PoTMS]

One of the reasons stopping the board from pulling the trigger might be the 30m payout to Ole if he is sacked.

However, not sacking him means putting top 4 at risk. Not qualifying for champions league might also mean a loss of 30m or more. Getting ten hag would mean an additional payment of 25m to ajax.

The board is ultimately run by accountants and the financial cost (55m) of sacking ole and getting ten hag might be a deterrent which is stopping them from acting swiftly. But knowing how the club is run, watch them sack ole when top 4 gets ruled out. So we'll end up losing more by paying ole 30m and forfeiting cl money while we don't even get ten hag.

Edit: If ole stays then pogba leaves for free. So that's a further loss of 90m for sticking with ole.

https://www.redcafe.net/threads/do-we-extend-oles-contract.463098/

The state of some of these delusional folk in this thread... It's the same old names.

 

[SAFMUTD]

Wasn't he on a 6 figure salary at Molde? The question should be, why the are we paying him so much? He didn't have the reputation or clout to command a salary anywhere near what he's earning

United DNA isn't cheap

 

[Revan]

Why do fans think managers get the full length of their contracts?
Even we're not dumb enough to not put clauses and suchlike in there by now.

Are we sure we are not? I hope so, but who knows. For example, we are paying him 10m/year, while he was in Molde at 600/k. Last time I checked the other clubs who pay this much were not very interested on him, so while we did well co increase his salary, I am not sure we had to increase it 17 fold.

So maybe they forgot the ‘sack’ clause too. Especially considering that they seemed to have been convinced that he is a top manager.

 

[Van Piorsing]

One of the reasons stopping the board from pulling the trigger might be the 30m payout to Ole if he is sacked.

However, not sacking him means putting top 4 at risk. Not qualifying for champions league might also mean a loss of 30m or more. Getting ten hag would mean an additional payment of 25m to ajax.

The board is ultimately run by accountants and the financial cost (55m) of sacking ole and getting ten hag might be a deterrent which is stopping them from acting swiftly. But knowing how the club is run, watch them sack ole when top 4 gets ruled out. So we'll end up losing more by paying ole 30m and forfeiting cl money while we don't even get ten hag.

Edit: If ole stays then pogba leaves for free. So that's a further loss of 90m for sticking with ole.

Think club can do that even while being in debt and If Glazers want it, it's not even their money to spend in the end.

In Covid recession almost sugar daddy amounts went on players while Liverpool couldn't do shit, Glazers ripped another part of dividents, sold some insignificant amount of shares and everyone's happy, including Ole with his vast, overpaid squad. Money is not a problem imo.

We can do this, but we don't want to. Nobody's panicking to do anything, even in such absurd circumstance. If the plan is to keep Ole, then it's their risk, but they'll never tell us what the actual plan is.

Perhaps there is none and they need time to come out with something that will buy them another 3 years of time.

 

[Wilt]

Wasn't he on a 6 figure salary at Molde? The question should be, why the are we paying him so much? He didn't have the reputation or clout to command a salary anywhere near what he's earning

The Utd manager will always be highly paid, it‘s not the kind of job that‘s done on the cheap. That said, no way is Ole worth anywhere near what he’s paid. He‘ll be lucky to get 10% of his Utd wages elsewhere.

I imagine his severance pay would be capped.

 

[The Bloody-Nine]

He's not getting 30 million if he gets sacked FFS.

 

[Chip]

He's not getting 30 million if he gets sacked FFS.

I heard it’s 30 million if we sack him outside NYSE opening hours. Otherwise it’s only 15 million.

 

[The Bloody-Nine]

I heard it’s 30 million if we sack him outside NYSE opening hours. Otherwise it’s only 15 million.

Have you even factored in shirt sales?

 

[VidaRed]

Have you even factored in shirt sales?

We could sell a shit tonne of ole merchandise to our rivals. Glazers are already rubbing there hands at this business opportunity.

 

[Teja]

I've been thinking along the same lines. My thoughts are:

Ole is capable enough to get us CL football - he's done it against much better teams than the current West Ham / Arsenal / Spurs. I think the board knows this as well.

We have a really nice run of fixtures coming up and we've seen what that does to club fortunes (See the Arsenal are above us thread as an example, they went through their purple patch and will have a harder time in the coming weeks).

Chelsea (Away) is the hardest one until March with just West Ham (A) and Arsenal (H) the other two moderately difficult games.

That means another season written off which is very frustrating, but let's see.

 

[JebelSherif]

So we'll end up losing more by paying ole 30m and forfeiting cl money...

I don't think this is quite right, yes - if they sack him now(ish) your figure maybe correct - perhaps a little on the high side. However, once it becomes impossible for Man Utd. to be in the CL next season, he can be dismissed with a much smaller pay-off (£7m - £8m I would guess). See the David Moyes situation.

The one big difference is the rule change on the Europa Cup giving a route into the CL, this is basically Ole's get out of jail free card because a long run in either the CL or dropping down as last year and progressing in the secondary competition, could keep him in post, even when the club are looking at a finish of around 6th or 7th in the premier league.

I accept the overall tenet of your thread, however, because Manchester United were badly stung in paying off Jose Mourinho, they won't want to do that again. Actually it is probably this and the support of SAF, that is is keeping OGS in post after what has been an incredibly difficult few weeks.

 

[Oranges038]

Once there's a clause that reduces his severance payment. I am going to assume he won't be going anywhere until CL qualification is mathematically impossible.

 

[Andersonson]

Wasn't he on a 6 figure salary at Molde? The question should be, why the are we paying him so much? He didn't have the reputation or clout to command a salary anywhere near what he's earning

When you get the manager job at United you should be paid accordingly. Whoever it is.

You don't may the United-manager a salary below Norwich, that be silly

 

[Regulus Arcturus Black]

30m? What are you lot smoking?

It’ll be written into the contract that an early termination will have a 1 year penalty clause or something along those lines. 30 mil

 

[Lay]

We’ll make it back in Ten Hag shirt sales